31. When a cheque is dishonored, the bank returns it with a reason for dishonor known as a:
a) Dishonor slip
b) Non-payment notice
c) Rejection memo
d) Return memo
32. A crossed cheque bears two parallel lines across its:
a) Drawer’s signature
b) Amount in words
c) Date of issue
d) Top left corner
33. The maturity period of a demand draft is:
a) One month
b) Three months
c) Six months
d) As per the drawer’s instructions
34. The drawee of a cheque is the:
a) Person who receives the payment
b) Bank where the cheque is presented
c) Person who issues the cheque
d) Person in whose favor the cheque is drawn
35. What does a qualified endorsement on a cheque indicate?
a) The cheque can only be deposited
b) The cheque can only be cashed at the bank counter
c) The cheque can only be transferred to a specific person
d) The endorser is not responsible for payment if the cheque is dishonored
